living trust

noun

: a trust that becomes effective during the lifetime of the settlor

called also inter vivos trust

Examples of living trust in a Sentence

Recent Examples on the Web The good news is that updating a living trust typically costs a lot less than setting it up in the first place. Liz Weston, San Diego Union-Tribune, 31 Mar. 2024 The actor reportedly also had more than $1 million in personal property at the time of his death, in addition to the living trust overseen by executors Lisa Ferguson and Robin Ruzan, People reported. Alexandra Del Rosario, Los Angeles Times, 13 Mar. 2024 The fact that she’s created a will, rather than a living trust — which avoids probate and which is typically advisable in California — is concerning. Liz Weston, San Diego Union-Tribune, 18 Feb. 2024 Smith convinced the younger Ethel (Peggy) Flinn in 1976 to establish a living trust and charitable foundation to combine various family trusts and philanthropy. Jack Kresnak, Detroit Free Press, 11 Feb. 2024 Your attorney probably will suggest creating a living trust to avoid probate, the court process for settling an estate. Liz Weston, San Diego Union-Tribune, 10 Dec. 2023 With a living trust, your successor trustee will be able to access other funds in the trust to make the payments while the estate is being settled, said Jennifer Sawday, an estate planning attorney in Long Beach. Liz Weston, San Diego Union-Tribune, 10 Dec. 2023 Watch out for probate triggers Dear Liz: My wife and I have a living trust that includes most of our assets. Liz Weston, San Diego Union-Tribune, 12 Nov. 2023 Four days after her funeral, her mother, Priscilla Presley, filed court documents disputing a 2016 amendment to Lisa Marie Presley’s living trust that removed Priscilla Presley and a former business manager as trustees and replaced them with her two eldest children. Andrew Dalton, Anchorage Daily News, 14 July 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'living trust.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1913, in the meaning defined above

Time Traveler
The first known use of living trust was in 1913

Dictionary Entries Near living trust

Cite this Entry

“Living trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/living%20trust. Accessed 17 Apr. 2024.

Legal Definition

living trust

see trust

More from Merriam-Webster on living trust

Last Updated: - Updated example sentences
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